Glossary entry (derived from question below)
Danish term or phrase:
forud for al pantegæld
English translation:
ahead of all mortgage moneys or monies
Added to glossary by
dmesnier
Feb 16, 2021 23:02
3 yrs ago
11 viewers *
Danish term
forud for al pantegæld
Danish to English
Bus/Financial
Real Estate
Registration
Hi - I'm trying to verify how "forud" should be translated in this phrase. This has to do with registering the bylaws of a condo association. Does this mean the easement and lien take precedence over all mortgage debt or simply that they're being registered prior to any mortgage debt?
Vedtægterne tinglyses både servitut- og pantstiftende forud for al pantegæld.
Thanks for your help!
Vedtægterne tinglyses både servitut- og pantstiftende forud for al pantegæld.
Thanks for your help!
Proposed translations
(English)
| 4 | ahead of all mortgage moneys or monies |
Adrian MM.
|
Proposed translations
39 mins
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 6 more.
Related KudoZ points
:
36
Selected
ahead of all mortgage moneys or monies
I guess 'prior to' in registered rank, rather than in time, so not the Bylaws but both the easement and US Am.: lien UK: charge thereby created rank ahead of the mortgage indebtedness > gæld might be debt or debts: både servitut- og pantstiftende.
Note that a land lien in the USA is called a land charge in E+W.
Note that a land lien in the USA is called a land charge in E+W.
Example sentence:
The primary purpose of specifying the “priority amount” is to ensure that any advances the bank makes to the level of the priority amount will rank ahead of any subsequent mortgage (and therefore any subsequent loans) given over the same property –
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
Something went wrong...